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Going to Court Vs. FINRA Arbitration

Pursuing Legal Action for Investment Fraud and Misconduct

When you trust a financial professional to handle your money and assist you with sound financial decisions, you expect them to follow industry standards and put your interests first. No matter your financial goals, it goes without saying that your financial professional is there to give you peace of mind for the future. However, if you've discovered that you've been suffering losses due to the negligence or misconduct of a broker or investment adviser, you may have options.

Investment Fraud and Misconduct Claims Typically Don't Go to Court

Most new account agreements with financial professionals have a clause or language that states any disputes or misconduct allegations against the firm or individual can only be brought through the FINRA (Financial Industry Regulation Authority) arbitration forum.

If your investment agreement does not contain an arbitration clause, you may be eligible to pursue court proceedings. If you are unsure about how to go about recovering your losses, consult an experienced investment and securities fraud lawyer for assistance in making an informed decision. Read on to learn more about why FINRA arbitration is more beneficial to resolve investment misconduct disputes.

Why FINRA Arbitration Can Be a Better Option?

Even if you do not have an arbitration clause, you may want to choose arbitration to settle your dispute due to the following advantages:

  • Arbitration is typically faster. This means that you could receive your award in a more timely manner.
  • Arbitration is typically less expensive than going to court. Preparing for trial, court fees, and finding expert witnesses to testify are just some of the expenses that can come with court proceedings.
  • Arbitration can offer you privacy, and your dispute and reward can be kept confidential.
  • The arbitration is the end of the dispute. Once a reward decision is made, the broker cannot appeal the decision (except under very limited circumstances).
  • Both parties involved in the arbitration have some say on who their arbitrators will be. This can help you feel confident knowing that your arbitrators will conduct your case fairly and impartially.

When You Need Help Filing a Securities Arbitration, Contact Us.

Suffering financial losses after working hard to ensure a stable financial future can be devastating — and when losses are due to your broker's or investment adviser's negligence, it can make it that much more of a scary and stressful experience. Know that you are not alone, and help is available. You may be eligible to recover damages through FINRA arbitration. Our highly experienced investment misconduct attorneys are here to hold financial institutions and brokers accountable for harmful acts that cost our clients their hard-earned savings and investments.

Call Meyer Wilson at (614) 532-4576 or contact us online to speak confidentially with our caring lawyers today.
The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

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